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Operators may now have the potential to sell carbon credits in exchange for the P&A of inactive, shut-in, or temporarily abandoned wells. Although Louisiana is allocating significant funds to P&A orphan wells, there is a lack of financial incentive for operators to address AOOG wells. Additionality.
250, Subpart N, as support for the notion that “BSEE’s primary enforcement mechanisms for violations of the decommissioning regulations are civil fines and criminal penalties,” police powers to which Sojitz cannot subrogate. Communications include firm news, insights, and events. Parker Drilling Co. , 3d 558, 563 (5th Cir.
3] Notably, the court left open the possibility that a plaintiff could recover in the event the plaintiff suffered non-drainage damages such as damage to the reservoir, but that was not alleged in this particular case. 6] Briggs , 2020 WL 355911 at p. *5. 10] Briggs , 2020 WL 355911 at p. *7.
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